Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

10/18/19

At least one Dow component trading higher. Coca-Cola Company (KO) is up 2% not far from all-time highs following better than expected earnings. Revenue rose a healthy 8.3% year over year. Coke reported double-digit volume growth in Coca-Cola Zero Sugar in the U.S. Overseas sales have also been a bright spot with Minute Maid Pulpy in China and coffee and tea in Japan. One analyst upgraded the stock with a $60 price target saying the company is set up well for next year with earnings growth improvement.

Another tough day for retail stocks. Nordstrom (JWN) is down 2% after losing their CFO to another retailer. Macy's (M), GAP (GPS) and L Brands (LB) are all lower by at least 4% on downgrades from Credit Suisse. Heading into the seasonally strong holiday season, these stocks are not acting well, all down 50% in the last year. Thanks Amazon.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.